Research analysts covering XCHG.
Recent press releases and 8-K filings for XCH.
XCHG Limited enters into sales agreement for American depositary shares
XCH
New Projects/Investments
- On January 30, 2026, XCHG Limited entered into a sales agreement with A.G.P./Alliance Global Partners to offer and sell American depositary shares (ADSs).
- The company may offer and sell up to an aggregate of $12,800,000 in ADSs through an "at the market offering".
- Each ADS represents 40 of the Company's Class A ordinary shares.
- XCHG Limited will pay the Sales Agent a commission of 3.0% of the aggregate gross proceeds from each sale of ADSs.
- The proceeds from any sales under the agreement are intended for working capital and general corporate purposes, including financing research and development, operations, and capital expenditures.
8 days ago
XCHG Ltd. Reports Significant Revenue Decline and Increased Net Loss, Faces Arbitration Over US$2.33 Million Debt
XCH
Earnings
Legal Proceedings
Demand Weakening
- For the six months ended June 30, 2025, XCHG Ltd. reported a significant decline in revenues by 38.2% to US$12.5 million from US$20.1 million in the prior year period, primarily due to external policy dynamics and trade policy turbulence. The company's net loss widened to US$7.3 million from US$0.2 million in the same period.
- Operating expenses increased by 41.0% to US$13.9 million for the six months ended June 30, 2025, driven by increases in selling and marketing, research and development (up 88.6%), and general and administrative expenses. This contributed to a shift from net cash provided by operating activities of US$7.7 million in the first half of 2024 to net cash used of US$6.8 million in the first half of 2025.
- On October 28, 2025, XCHG Ltd. received a formal notice of arbitration from the China International Economic and Trade Arbitration Commission regarding a claim from an investor seeking repayment of RMB16.71 million (equivalent to US$2.33 million) in outstanding principal and interest, plus 12% annual default interest from March 10, 2025. Joint and several liability is demanded from the company, its German subsidiary, and its founders.
- As of June 30, 2025, XCHG Ltd. held US$16.3 million in cash and cash equivalents. While management believes current cash and anticipated cash flow will be sufficient for at least the next 12 months, the company is evaluating strategies to obtain additional funding.
Dec 19, 2025, 1:55 PM
XCHG Limited Reports First Half 2025 Unaudited Financial Results
XCH
Earnings
CFO Change
Product Launch
- XCHG Limited reported revenues of US$12.5 million for the first six months of 2025, marking a 38.2% decrease from US$20.1 million in the same period of 2024, primarily due to U.S. trade policy uncertainty and evolving renewable energy regulations. This resulted in a net loss of US$7.3 million for the first six months of 2025, compared to a net loss of US$0.2 million in the prior year period.
- Total EV charger deliveries decreased by 59.1% to 472 units in the first six months of 2025, down from 1,155 units in the corresponding period of 2024. Despite this, the gross margin improved to 51.3% for the first six months of 2025, up from 48.7% in the same period of 2024.
- The company announced the appointment of Joel Adalberto Gallo as Chief Financial Officer, effective September 3, 2025, and launched its new GridLink charging system in the European market in September 2025.
Sep 23, 2025, 11:00 AM
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